US-based Qualcomm is at risk of loosing its Broadband Wireless Access (BWA) frequencies in India, the Hindu Business Line reports. The article states that the Department of Telecom (DoT) claims Qualcomm’s application did not fulfil necessary…
US-based Qualcomm is at risk of loosing its Broadband Wireless Access (BWA) frequencies in India, the Hindu Business Line reports. The article states that the Department of Telecom (DoT) claims Qualcomm’s application did not fulfil necessary conditions.
Qualcomm won spectrum in the circles of Mumbai, Delhi, Kerala and Haryana in June 2010 for US$1bn.
The DoT reportedly refuses to allocate the frequencies on the grounds that Qualcomm applied for four different licences, which was not allowed according to regulation. In addition, Qualcomm failed to introduce the companies which applied for the licences as its subsidiaries within 90-day of the auction.
In response, Qualcomm has reportedly offered to merge the four licences into one.
Qualcomm sold a 26% stake in its Indian broadband venture to local partners Tulip Telecom and Global Group in July 2010 to comply with FDI caps. At the time, Qualcomm said it planned to exit the venture after rolling out the network.
The parties were not immediately available for comments.
